Wage Growth Slows to 8.5 % in October
Year-on-year wage growth in Hungary slowed to 8.5% in October from 9.1% in the previous month, the Central Statistical Office (KSH) said.
Adam
Economy
Government Pledges HuF 140 BN to Boosting Business RDI
The government is inviting bids to disburse 140 billion forints (EUR 380.1m) in support for boosting business research, development and innovation, Finance Minister Mihály Varga said.
Borrowers Take Out HuF 22BN of Green Home Programme Credit
Lenders have disbursed 22 billion forints of credit in the framework of the Green Home Programme of the National Bank of Hungary (NBH) since the launch of the scheme on October 4. Banks signed 753 contracts for the credit by the end of 2021, the NBH said.
Government Targets 2022 Budget Deficit Target at 4.9% / GDP
The government has saved 755 billion forints by postponing several public investments, allowing it to lower its 2022 budget deficit target to 4.9% of GDP from 5.9% and continue reducing the public debt, Mihály Varga, the finance minister, said.
PMI Jumps to 64.8 in December
Hungary’s seasonally-adjusted Purchasing Managers Index (PMI) climbed to 64.8 points in December from 52.2 in November, Halpim, the organisation that compiles the index, said on Monday.
Suzuki Leads Hungary New Car Market for Sixth Year in a Row
Japanese car maker Suzuki led Hungary’s new car market for the sixth year in a row in 2021, Magyar Suzuki said on Monday.
4IG Acquires DIGI
Listed IT company 4iG on Monday said it acquired 100% of telecommunications company DIGI. 4iG announced late in November that it agreed to acquire 100% of DIGI – the runner-up on Hungary’s fixed line voice, internet and TV market – for EUR 625m.
Finance Minister: Public Debt Set to Decline
Finance Minister Mihály Varga, said there is a high chance that Hungary’s public debt may be put back on a declining path. The finance minister said in an interview to the daily Magyar Nemzet that the economy was likely to grow by more than 6% this year and the employment numbers were better than before […]
Government to Allocate HuF 25 BN to Investment Support Programme in 2022
The government’s investment support programme for large companies will continue in 2022 with a 25 billion forint (EUR 67.6m) support allocated for the scheme, Finance Minister Mihály Varga said.
Opposition Promises Wage Hikes for Teachers
Opposition parties on Thursday promised to implement a one-time large-scale wage hike and wage supplements for teachers should the opposition come to power after the general election this spring.